LINC (Lincoln Educational Services) Total Inventories : $3.1 Mil (As of Dec. 2024)

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What is Lincoln Educational Services Total Inventories?

Lincoln Educational Services's total inventories for the quarter that ended in Dec. 2024 was $3.1 Mil. Lincoln Educational Services's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $2.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lincoln Educational Services's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-5.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lincoln Educational Services's Days Inventory for the three months ended in Dec. 2024 was 5.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lincoln Educational Services's Inventory Turnover for the quarter that ended in Dec. 2024 was 15.66.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Lincoln Educational Services's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.02.

Lincoln Educational Services Total Inventories Historical Data

The historical data trend for Lincoln Educational Services's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lincoln Educational Services Total Inventories Chart

Lincoln Educational Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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2.39

2.72

2.62

2.95

3.05

Lincoln Educational Services Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial															2.95	2.42	2.35	2.71	3.05

Lincoln Educational Services Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Lincoln Educational Services (NAS:LINC) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Lincoln Educational Services's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(59.273	+	0.75 * 42.983	+	0.5 * 3.053	-	258.292
-	0	-	0)	/	31.463
=	-5.25

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Lincoln Educational Services's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	2.882	/	45.12	*	365 / 4
	=	5.83

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Lincoln Educational Services's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	45.12	/	2.882
	=	15.66

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Lincoln Educational Services's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	2.882	/	119.373
	=	0.02

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Lincoln Educational Services Total Inventories Related Terms

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Lincoln Educational Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lincoln Educational Services Corp (NAS:LINC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

K1L:Germany

Address

14 Sylvan Way, Suite A, Parsippany, NJ, USA, 07054

Website

https://www.lincolntech.edu

Lincoln Educational Services Corp provides diversified career-oriented post-secondary education to high school graduates and working adults. The company offers programs in automotive technology, skilled trades, healthcare services, hospitality services, and business and information technology. Its reportable segments include; Campus Operations, and Transitional. The majority of the revenue is generated from the Campus Operations segment which includes all campuses that are continuing in operation and contribute to the Company's core operations and performance.

Executives

John A. Bartholdson	director, 10 percent owner	C/O STONINGTON PARTNERS, INC., 540 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10022
Juniper Investment Company, Llc	10 percent owner	555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022-3315
Chad D Nyce	officer: Chief Innovation Officer	C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE 340, WEST ORANGE NJ 07052
Brian K Meyers	officer: CFO and Treasurer	C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE. 340, WEST ORANGE NJ 07052
Michael A Plater	director	C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Burke James J Jr	director	C/O ANNTAYLOR STORES CORP, 7 TIMES SQUARE, 15TH FLOOR, NEW YORK NY 10036
J Barry Morrow	director	COLLEGIATE FUNDING SERVICES, 100 RIVERSIDE PARKWAY, FREDERICKSBURG VA 22406
Ronald Edward Harbour	director	C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Kevin M Carney	director	12735 GRAN BAY PARKWAY WEST, BUILDING 200, JACKSONVILLE FL 32258
Scott M Shaw	officer: Executive Vice President	C/O LINCOLN EDUCATIONAL SERVICES CORP, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Sylvia Jean Young	director	C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 14 SYLVAN WAY, STE. A, PARSIPPANY NJ 07054
Juniper Targeted Opportunity Fund, L.p.	10 percent owner	555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022
Felecia J. Pryor	director	3850 W. HAMLIN ROAD, AUBURN HILLS MI 48326
Carlton Rose	director	C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052
Stephen M Buchenot	officer: Group VP of Operations	C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052